IDS Pensions Service - Pensions Tax and Regulation

1 The 2006 pensions tax regime; 1.1 Key definitions 1; 1.7 Registration 2; 1.13 Payments by registered schemes 4; 1.38 Member contributions: tax reliefs and exemptions 21; 1.39 Employer contributions: tax reliefs and exemptions 22; 1.40 Taxation of benefits 23; 1.41 Inheritance tax 24; 1.42 Lifetime allowance charge 24; 1.43 Annual allowance charge 27; 1.44 Transitional arrangements 28; 1.50 Overseas schemes 35; 1.51 Compliance 35; 2 The Pensions Regulator; 2.1 Main objectives 39; 2.2 The Regulator's functions 39; 2.14 Trustees 47; 2.20 Civil penalties 50; 2.21 Avoidance of employer debt 50; 2.23 Financial support directions 53; 2.26 Transactions at an undervalue 56; 2.30 Register of pension schemes 58; 2.31 General levy 60; 2.32 Reporting breaches of the law 61; 2.33 Report notices 64; 2.34 Codes of practice 64; 2.36 Gathering, using and disclosing information 65; 2.39 Pensions Regulator Tribunal 69; 3 The Pension Protection Fund; 3.1 Introduction 71; 3.2 The Board of the PPF 72; 3.3 Insolvency of the employer 72; 3.4 Eligible schemes 74; 3.5 Assuming responsibility for an eligible scheme 75; 3.6 The assessment period 76; 3.10 Effect of having assumed responsibility 82; 3.11 The pension compensation provisions 82; 3.25 Discharge of the Board's liabilities 90; 3.26 Equal treatment 90; 3.27 Backdating the winding up of the scheme 91; 3.28 The levies 91; 3.35 Fraud compensation 94; 3.36 Gathering, using and disclosing information 96; 3.37 Reviews, appeals, and the PPF Ombudsman 97. 4 The Financial Services Authority; 4.1 Introduction 99; 4.2 FSA authorisation 99; 4.5 Giving advice: GPPs and stakeholder schemes 100; 4.8 Working with the Pensions Regulator 102; 5 Data protection; 5.1 Data Protection Act 1998 105; 5.2 Data definitions 105; 5.4 Data protection principles 106; 5.6 Significance for pension schemes 107; 5.10 Significance for employers 109; 6 Dispute resolution; 6.1 Introduction 111; 6.2 Internal procedures 111; 6.7 External procedures 113; 6.8 TPAS 113; 6.9 The Pensions Ombudsman 114; 6.15 Financial Ombudsman Service 118; 6.18 Employment tribunals 119; 6.23 The courts 121; A Appendix; Compliance failures which may result in the imposition of a civil penalty 125; Index 133.